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Jim Rogers Warns "Bernanke Has Set The Stage For The Fed's Collapse"
With Bernanke's term due to expire in January, Jim Rogers warns Mineweb that the Fed-head will be remembered as "the guy who set the stage for the demise of the Central Bank in America. We've had three central banks in America. The first two disappeared. This one's going to disappear too in the next decade." With precious metals, bonds, and stock markets obsessing over Fed actions, Rogers says, in the next 10 years or so, "People will realise that these guys have led us down a terrible path," and collapse is "not a possibility," he adds, "it's a probability."
“100 years ago you could not have named the head of most central banks in the world,” Rogers told Mineweb. “Now they're all rockstars.” Gold and equity markets have increasingly been locked in Fed-watch mode in 2013, obsessing over when or whether chairman Ben Bernanke would taper the bank's vast bond buying scheme.
Rogers however, an ardent free-marketeer, says the market's narrow focus on the Fed reflects the bank's rising and now extreme interference in global markets, propelling the likes of Bernanke in the US and Mario Draghi in Europe to near household name status.
“Everybody knows them,” he says, “but that's only a phenomenon of the last 20 years, when central banks have been pumping money into the markets and everybody's singing hallelujah.”
With Bernanke's term due to expire in January, Rogers says he will be remembered as “the guy who set the stage for the demise of the Central Bank in America. We've had three central banks in America. The first two disappeared. This one's going to disappear too in the next decade.”
“It's not a possibility,” he adds, “it's a probability. People will realise that these guys have led us down a terrible path. The Fed balance sheet has increased by 500 per cent in the last 5 years and a lot of it's garbage.”
Unlike the wider market, Rogers does not set great store by the Fed's decision shortly before Christmas to taper its bond buying measures from $85bn per month to $75bn. The announcement put pressure on gold and drove US equities to a new all-time high, in what Rogers views as a relief rally.
“The US went up because people said, 'Now it's done, we don't have to worry anymore.' But somewhere along the line, markets are going to start suffering. They'll taper until the markets start hurting and then they'll panic and loosen up again. They've got themselves in a terrible box.”
“It'll turn into a bubble or a very inflated situation, but eventually the markets will say, we're not going to take your garbage anymore, whether it's treasury bonds or currency.” Inflation, Rogers says, has only been kept in check in the US by the country's shale gas discovery, putting a “dampener” on energy prices.
Whist Rogers views mass money printing as untenable, in the short term, he expects equities to turn parabolic, rather than collapse.
“The Japanese Central Bank has said that it will print unlimited amounts of money,” he says. “That's their word and they're doing it. When people look back 20 years from now they'll say that's what killed Japan, but in the meantime, all the staggering, unlimited amounts of money have got to go somewhere and it's going to go into Japanese shares.”
Rogers prefers gold over gold mining shares and divisible coins over bullion, but says “there's nothing in precious metals that I'm tempted to buy at the moment.” Indian import tariffs he views as the single biggest drag on the gold market currently.
“They've got a huge balance of trade deficit and the three largest parts are oil, gold and cooking oil. They cannot do anything about oil or cooking oil, so they're attacking gold, blaming their problems on gold. Gold has not caused their problems, gold is a symptom of their problems, but politicians are pretty simple-minded people and they look for the easy answer.”
For early 2014, Rogers is therefore long inflatable equities and neutral on gold, but longer term, he expects to short junk and government bonds and is ultra bullish on gold. “Gold will become one of the only refuges around,” he says.
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GOOD!!
Unprecedented Total Chinese Gold Demand 2013
Over 2500 tons!!!
http://www.ingoldwetrust.ch/unprecedented-total-chinese-gold-demand-2013
“Gold will become one of the only refuges around,” he says.
Self reliant Family-survival and weaponized multi-strategic, multi-offensive/defensive compounds.
Get Prepared/Stay Prepared
Grow your own food, filter your own water and protect what is yours. That's all you can do.
Sure you can protect what's yours, but it all depends on where you live. I live in a city, so when economic collapse ensues I'm going to be outnumbered, outmanuevered, and outgunned by both looters and the .Govs. I'm going to stay mobile. I have a three day pack full survival essentials (a way to filter water, trap food, construct shelter, and mylar blankets to block infrared), a topographical map, an exit strategy, and several like-minded people in a network with a general plan to GTFO of Dodge and into the wilderness.
The looters can have my stuff, but it's the .govs I'm worried about since they want to take away my rights AND my stuff.
His name is Bernocchio and he is a liar cause his nose keeps on growing me than the QE.
Is Jim still bullish on gold over the next decade?
http://www.planbeconomics.com/2013/04/jim-rogers-gold-going-higher-over-...
My old mans investments turn over every 3 days, that way if anything should happen to him, I won't have to wait long to get our money.
jim is going to get caught in the equity collapse.....he's short term bullish and invested----when the last bears go long---watch out below
another humble guy letting his ego push him into the parabola
Re: "jim is going to get caught in the equity collapse"
I agree, Jim (a momo chasing bear) is ignorant about history and does not realize that all equity bubbles burst regardless of continued money printing , historically every speculative frenzy ended in financial collapse (e.g. Mississippi Bubble and John Law).
Many (including the Fed) don't realize that money printing reduces the multiplier, as a result, it is somewhat inflationary in the beginning, but later it is deflationary when M2 expansion (we have a fractional banking system) cannot keep up with monetary base expansion (e.g. US Great Depression and Japan).
Multiplier = M2 / Monetary Base
GDP is a function of Multiplier and Velocity (or turnover of M2); but the Fed (money printing) can only increase the Monetary Base (and lower the multiplier that is deflationary)
You had better practice that trapping and eating what you trap if you're going to rely on it for survival. If you already have, carry on.
Understood! But everytime I think of bugging out, I think of how nice it is to come back home from camping for 3 days. I'm bugging out if, and only if the roof is on fire!
Keeping your hands off Boris' copper!
Your middle name must be With. Act is getting old.
Art, beauty, and humor are often in the eye of the beholder. If that doesn't work for you, try this.
Intelligence is invisible to those who do not possess it.
Talk about something going on too long - a Jerry Garcia live "jam" comes to mind...
Haters gonna hate...
well, you could move and never go back to the city.
OR you could so something dangerous to learn: book some vacation days and live as a homeless person.
I shit you not.
The survival lesson you'll learn in the city of your choice will teach you all you need to know about the mad-maxing of city life in the collapse. For them it's already collapsed.
I did this for a bit in Vancouver. Yes, this is a chickenshit move because the winters there aren't very cold but then again, I did say of your choosing. Once the collapse happens such mobility will not be so easy. Get there early.
Interesting approach, especially for those doing magazine articles or creative writing projects for lefty professors, but reality intrudes. Homelessness in Vancouver or Austin might be a mild inconvenience when it involves .25 percent of the population. When everyone is scared and hungry, the rules will change.
As Ferfal documented in BsAs when Argentina collapsed, the Gummint will direct its resources to propping up the cities. It is the uniquely American suburbs that will be neglected. When the strip malls close and outlying markets are slow to be replenished, then that will be the real zombieland. Rural folk will likely do best, city next best, with metro suburbs "living in interesting times".
I keep my gyrocopter on ready 5 and can get 200 miles outside of my small town on one tank.
Roman candles strapped to the underside, and speakers cranking out Ride of the Valkyries will suppress hostile yokels.
.
Say, that is a nice touch.
fuck and I am about to buy the agq option you mentioned.
I am really going full retard.
First ,
Vancouver ain't exactly dry in the winter so i call bs on your story. You probably slept in the street after getting loaded and count that as homeless.
Second , if we were to mad max,,, my vacation option is way better than yours, I go to palace resorts in Quintana Roo twice a year, while I have the money ,the health , my dick up with my hot fiancé , the time (no kids yet), and other fun loving tourists around that do not look like zombies yet...
Third, " once the collapse happens...". , you don,t know that......
not that I really would mind., I despise most of my neighbors ... and I would just love to use my new mag lite 3 D Led, probably best preper light out there.it is like a Jedi laser ...i won't even use the butcher knives or other weapons.,.... anyone can have imagination buddy.
oh it's much more chickenshit than that.
I did it in the summer.
I know, I know.
I'm not sure what I'd do in the winter but at least it wouldn't be a foot deep of ice-slush.
By all means if you can afford to go some place nice not to return, go for it, but if you don't toughen up you'll find out money is only a proxy, it isn't actual defensive measures or offensive weapons, much less a strong immune system or legs fit for running.
Just isn't. Sometimes the proxy will do, sometimes it won't. No matter how poor or rich a person is.
Vancouver, if itself survives, is a pretty good place to be when the SHTF because it is on the border.
Smuggling all sorts of goods and people will become a honborable and profitable trade.
Dinero. D. Profit
Vancouver, if itself survives, is a pretty good place to be when the SHTF because it is on the border.
Smuggling all sorts of goods and people will become a honborable and profitable trade.
Dinero. D. Profit
I suspect as much too. Ports for smuggling, borders for escape, mountains for hiding out (watch out for mountain lions!), clean drinking water (until fukushima) right from the streams (mountains)... a lot going for it.
A friend of mine swears he did this. May be useful to know. If you're going to be in a place a little while, piss in a circle (woods, mountains). Purpose: marking your territory. My friend swears he was within easy spotting distance (and seen) by a mountain lion and was left alone because he did this in BC.
Stay off the trails.
>I have a three day pack full survival essentials ... with a general plan to GTFO of Dodge and into the wilderness.
A general plan?
Where do you think you're gonna go where other's don't already have dibs ... and guns? Do you think you're just gonna drop out of the sky somewhere and live in the big country? LOL!
Unless you're gonna be hiking into huge wilderness, there will be locals who don't know you, don't like you, don't want to and will know you're not from around there - and they will run you out, at the least. G'head, test it. Go to some small town in bum-fuck with your bugout kit and give it a test run. And that's without some emergency creating chaos. Think about what the cops are being trained to do in the upcoming disaster? Think about all the new gear they have and are just itching to use?
"This land is your land, this land is my land ... " ain't gonna cut it with officer Friendly. It's his turf and your an intruder.
If folks don't move out of the cities and into a new community now, while they can, then they fully deserve what they get.
Stupid city monkeys with their hand in the jar, holding on to crumbs and rotted fruit, waiting for change to come to them before they're forced to move. LOL. What a recipe for disaster.
One thousand percent correct........rural areas will be heavily defended from interlopers or worse............they will shoot first and ask questions later in a true breakdown socially. Read Patriot by John Wesley Rawles.............fictional but very helpful
Very helpful. For example, let us know that the ones we REALLY have to concerned about are the awful Commies (baby eaters all) and the bikers. Yeah, so fucking useful.
Peurile, delusional wankfest. But I read it.
That is exactly what we will do and our tribe plan calls for shooting first, have hole ready and be ready for the next one. Sounds really bad but if they come out this far in the country they are in bad shape and it just boils down to them or us. Hope I never have to see it but sure seems like it is getting very close.
I agree because I live in one and have like mined neighbors. Started deer hunting and an take a deer to roasts and grinder the same day I kill em. I am bugging in and making my place look like condemed farmhouse. Already looks pretty spooky for anybody looking to break in. Going to make my place like a roach motel. Roaches come in but the dont leave. My order of importance. Guns, ammo. food, water, misc supplies, neighbors, PM.
i'm making my move this february. i don't want to be in the burbs when the system breaks. we're looking forward to starting our self sufficiency.
"I have a three day pack ..."
Cool. What are you doing about an EMP, which could destroy any circuitry, such as in batteries, falshlights, solar tech, etc.?
Thank you. That is the most succinct and sage advice I have seen here at Zero Hedge ever!
Tell me, what is "multi-strategic"?
cicada2014 sez: keep wearing that insect shirt
DCRB sez: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 hex is a little rusty. Care to translate?
It is a dialect of Bearingish.
It means: "Hey, NSA, catch that and paint it green!"
OK, super. Could you now translate your translation?
My understanding that quotation came from am American POW held by the Chicoms during the Korean War. He was being interrogated. He farted and told them to catch that and paint it green.
OCICBW !!
***
Actually that latter set comes from here:
http://www.xorbin.com/tools/sha256-hash-calculator
Have fun!
Never heard that one before. Hope it's true. Worth a chuckle.
Should we expect your future posts to be in hex as well? (Which would be highly annoying and only slightly badass)
I only ask so I can decide if I need to prepare myself with the appropriate translation tools.
I just heard that years ago, I don't know if it's true re the POW and green...
***
Re future posts, naah! Just having fun.
Short and succint this time <-- Type exactly that
d902a4d70a0515d0cbaaadcbbb40fd326b5646d5346ff70c9e5b4cc09e3a7a0f
^---- is the output
Here: http://www.xorbin.com/tools/sha256-hash-calculator
Just having fun here is all.
You get top bunk at camp FEMA for that series of posts.
lol
Well said, Rand.
Let's not diss the officer's mess. By then we will be thankful for all small pleasures.
Just finished reading The Orphan Masters Son.
Good yarn on Country And Gardens lifestyle in N. Korea.
Also, met Col. Nick Rowe at his fresh air camp for outdoor enthusiasts.
I do winter pack hiking in N England for over a week. To 5 deg F is fine. Below zero gets uncomfortable. Wind is big and should be sheltered from. Water and thirst is big. Wet is very bad. By thd end of a week, hygiene starts decaying.
After a few days a shack or cave is luxury. Always have a hard complex book. Something you need to read three times.
I could go on..
Hashes just go in one direction. You can't translate them back. That is even true for MD5, however there are collision attacks.
Please don't copy&paste any more hashes.
e8ebf89da076b871b40ca5b15626249944b7c2eed963f0029740218ab20859b8
He said he went to the moon and back and it didn't cost him a thing. He wants to know if your interested in a trip.
http://home.paulschou.net/tools/xlate/
Man, what hash are you smoking?
308346357344344343289275327347344364275
347340361344275351354358359275342354353
359357354351289275327354354275341340343
287275359347348358275348358275359347344
275341344358359275342354360353359357364
275354353275359347344275346351354341344
289275256253256253
Now I don't understand this at all, i'll book it as a copycat crime.
No thanks, I don't smoke.....
-Cleetus
Are those your serial numbers of your gold/silver bullion?
No, read below. The encryption isn't static, rather dynamic. Could of let the dumbfuck NSA waste time & energy to figure out code. It turns out to be a simple message in long run.
BINGO!
the sooner the better
I need to know...if the stage is set, then it must be that YELLEN will SING ?
http://www.youtube.com/watch?v=9o28mvZIl7o
not cool man!!! you gotta have a warning disclaimer.... holy caca... ooooh my aching eyes.
"They have led us down a terrible path"----Yeah, boy. With "leaders" like them you don;'t even need agents of the Devil.
i would not mind seeing the Fed go bye bye..
Both Jim and Soros are serving to the same master. But Jim is also a showman and likes publicity. That is all.
Gold, fishez!
my translation above.
Agreed. They have lost control. Too bad, this is the best country on the globe.
When did ZeroHedge become a country? Are dual citizenships permitted? Bigger question, dual citizenships with Isreal?
Loaded question my friend. Countries rise and fall, citizens rule the county under established laws. The demise of countries are when leaders ignore laws.
Does a cheese need a pope?
Does the pope shit in the woods? Is the bear catholic?
I think the Sovereign Nation of Fight Club would only have duel citizenship.
"It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions."
Ben shalom bernank
Can we have a revolution now, I'm getting sleepy.
YES, oh YES
Oh Brilliant Yes, oh .....
Oh ......
If only it would be the end of the Fed
Paradigm shift to true value is what's occuring.
Agreed. Ace Hardware is losing paradigms like a bitch.
Liar, liar, pants on fire!
Better you should need a paradigms rather than a paradox!
BTC real value? I have a virtual bridge to sell you.
Perhaps in Asia people have always respected only GOLD in the hand, nobody on in ASIA buy's paper-gold (ETF/ETN), but the USA is clearly heading into a virtual 24/7, ...
I would say just the opposite, that the USA has permanently left the tangibile to the intangible.
Beer and weed have real value.
Bitcoin has less value than paper, at least paper has a few joules of stored energy.
Stack On
I didn't bother to respond to you, that's why we have have the junk button, thanks Tylers.
Absolutely not. It's .gov that's going under the bus, not the Fed. Hell, the Fed even has their own troops now and regional offices all over the country. They ain't going anywhere.
Funny you guys LOVE Rogers, but he lives in Singapore, and never sets foot in the USA.
You guy's say that people who have left the USA should shut their mouth, but you worship every word from Rogers?
What gives?
I love Rogers, he like myself voted with our feet long ago, and Rogers say's "LEARN TO SPEAK CHINESE", ... I taught myself Chinese some 30+ years ago,
Everything Rogers says is true, but if anybody else but Rogers say's it, h is an idiot. Why is that?
***
This article is Bullshit, the NSA/CIA rules the world, and they control the FIAT-USD and always have created all they want, that's why there were able to dump 'containers' of $100 bills in IRAQ to BUY friends,
The US-MIL (NSA) run's America.
The civilian government gets to FUCK the people, and me and Rogers don't like to be fucked, so we left the USA.
If any of you were smart, you would do the same.
No thanks. I'd rather fight the battle on my home turf. All those American-friendly places may prove to be decidedly less so if the dollar collapses, and the world economy along with it. Here's hoping you've laid roots deep enough where you are now to make it though a situation like that.
All major "developed" economies are in roughly the same predicament. When it gets time for the dollar to take an ass-whipping, they all will. ALL of them.
WOW
You ought to travel,
1.) no the world's teenagers are not taking guns to school to kill classmates in mass
2.) no the worlds kids are not photo graphing selfy-porn and posting on youtube
3.) no the worlds COPS outside of the USA are not assholes
4.) no other country than the USA wants to control the world
The world is full of wonderful places, and everybody has food, and everybody is happy,
The USA is one of the most rotten evil country's on earth, with the most in prison, and most fat, the most killers, ...
To say that all the rest of the world is as fucked as the USA, just shows that you have not seen the real world.
"The world is full of wonderful places, and everybody has food, and everybody is happy. The USA is one of the most rotten evil country's on earth"
Are you suffering from delusional thinking or did an oppressive communist dictator make you say that?
I only have to look out over the vast land where I live and I see nobody hungry, everybody smiling, ... children happy. Life is good, and beautiful.
The cops all smile, its a little cold, but the sun is out now. In a few hours it will be warm.
The women are all beautiful, ...
The USA is the most evil rotten country on earth, and if you don't know that its because you are a boiled-frog.
I spent my youth traveling the world, I know where freedom exists, and I know there are 100's of good places in the world. Everybody wants the same for his family, nobody wants to see his daughter raped, or his son killed in war.
Most country's would never allow a government to steal their children, or hit little girls or knock grandma to the ground.
You just keep defending NAZI AMERICA, and trying to convince others that the rest of the world is just as fucked up, but its NOT.
Only the USA is fucked up beyond repair.
I would say that 40% of the world is still just fine, ...
I too would like to see the USA(USD) collapse, so would the world, but sadly the worlds BULLY's see it another way.
***
Defending the USA is a lot like defending BTC you have to be completely disconnected from reality.
ALL I can say folks is go live in a nice country for a while, and you will NEVER return to the USA.
Examples please.....
I would venture to say the TPTB are far more entrenched and their influence is more far-reaching than you give them credit for. Smiles can turn to frowns and laughter to tears much more quicly than you imagine.
Yes, I suppose one could go to the Solomon Islands but.......
I am with you Satoshi. Lots of places where US influence has not overtaken local customs and values. Here where I live family means everything. People have a good time and try to get along with each other. Our government certainly tries to take over but can only go so far or the populace revolts in a non violent way.
We have locally grown food at weekly farmers markets. Only bad thing is the US influence of marketing and crap processed food.
No Obamacare here. Best healthcare ever including any preventative exams I want. $115.00 per month for the platinum plan. No deductibles and 20% copay (copay amount is much less due to exams being 30-40% of US price)
Certainly not perfect here but much more relaxed and mellow.
Now have to get ready for our local Sunday soccer match. great group of kids here.
Incredibly naive and stupid comments. You're just describing personal experience regarding certain specific locations, these are not general facts.
Where do you live? Do you mind giving me a top 10 list of where a middle-aged american would want to relocate? Thanks
NAZI America, you are delusional. At least the Nazis worked toward helping their people, and others, throw off the same corrosive kosher bolsheviks and their destructive cousins in the banking cartels, as well as their cultural and media choke holds. In America and EU, the 3% ethno-religious parasites have free reign, along with their bioweapon third world hordes they are deliberately flooding the West with.
Satoshi101, I left OECD too more than 10 years ago. I had the opportunity and the will, not everyone has the opportunity even if they have the will, stop bragging around will you?
It's actually possible some of us are not intimidated. The military has never proven itself to be remarkably brilliant except perhaps at wasting resources. There will be some of us who will enjoy picking up the pieces and making something out of it. What most you fail to realize is that the level of incompetence is so high that there are fabulous benefits from being strategically invested and prepared for this wonderful great unravelling. Enjoy it if you can.
he would have to pay taxes in the USA. and who the fuck does that?
It’s time to re-coin our own fiat currency. Let the multi-national bag holders drown in their own debt obligations.
Rogers has been saying this daily since the 1970's and it hasn't happened ( death of FED ), someday of course Rogers will be right, but Rogers will be long dead.
Here's what is going to happen next.
The NSA is going to admit there was a COUP back in 1950, that the USA has been operating by special Military Power ever since Eisenhower.
That the NSA will now take over the FED's job of creating FIAT, aka USD.
The FED will remain, but it will be just a bunch of friendly faces (Yellen in a Thong ), but the real USD, and the real budgets in the USA will be decided by the NSA (MIL).
The USA will continue too, but only as a dog and pony show, and the courts, they can fuck the civilians to death, as MIL has their own courts.
This is the new world order, and yep you'll get Hillary Clinton president, and she can fuck with the civilians all she wants, and the MIL don't give a shit, as long as they can control the world.
Presumably you are posting from Colorado.
He said he left the country in a post above this one, so...yeah.
Apparently nuance isn't your strong suit.
Boulder and Aspen don't count as being in the country.
that is not fair , they have gay week in aspen.
As long as Magpul continues to manufacture those wonderful toys and keeps exporting to ME I'm not concerned.
... long live the AR platform.
reefer madness dude......
You got a problem with Colorado comrade??
The gun control crowd there can go fuck itself.
Love, Texas
Damn right, brother. Damn right. -
Another texan
lol , what no guns in Colorado....?
I like how the most common argument against collapse is that "people have been thinking this for 40 years". Well, some people are ahead of their time.
Also, I am not sure Rogers has been one of those until lately.
Soul Glow, I have been reading your stuff, you are one of the few humans here, not a bot, and not a troll.
***
Please define 'collapse',
IMHO the collapse happened in the 1970's, when they took the USD off of gold, after that the USA went full retard MILITARY, and the rest is history. 'Collapse' in all of history is slow motion, civilization to ghost-town,
The USD started its decline in the 1980's, and then for 30 years everything that could be stolen ( tangibles ) were stolen, now nothing is left to steal in the USA.
Rogers is invited to come on TV and he likes to talk, and 'collapse' sadly sell's, is it probable FUCK-NO, but it all depends what 'collapse' means to you.
***
I'll define collapse, If my family has no food to eat, the world has collapsed, if my neighbor has no food, then ALARM bells go off.
All human suffering is relative, even during the great depression while +20% were hungry, the other 80% were fat and happy.
COLLAPSE is situational, in no way will everyone suffer, the only people who will suffer is those in the USA that are not prepared,
If you are a student of Rogers or Faber, then you would know they both advocate leaving the civil war, before the shooting starts.
***
NOW your turn, define 'collapse'.
I can't claim to know what happens after the financial system collapses, and that is where I put my focus. I would like to think that when the dollar and finance collapse with it that Americans will rally around each other and even though it will shock many people, and those people will likely stay on their couches until they lose all their fat tissue, most people will learn how to garden and tear up their lawns, guard their neighborhoods, and come together.
So my version of collapse is solely that the dollar, in all its fiat glory, collapses, and we begin to use other means of exchange, namely gold and silver.
Another plausibility the country restructures into a command economy or some Fascist hybrid.
I am hoping that when the Fed fails and the dollar with it (all of finance) people wake up and realize they can't be dependant on government and power turns from the federal government to a more focused city/state government system.
That was my logical thought log ago as an engineer, that perpetual motion machines couldn't exist,
But now I know better, I have seen the light, I have had too many high level friends in the MILITARY and they have shown me the light.
The USA/NSA/IMF will kill everyone on earth in order to preserve USD hegemony aka PETRO-DOLLAR, given that reality.
THe USD cannot fail.
You're contradicting yourself Musashi Miyamoto. You said the SDR would take over.
Yes, I said the SDR will replace the USD,
The SDR will be brought to you by CLUB-IMF, and the IMF came out of US-MIL-COUP 1948, post WWII,
Did you know that the SDR, and IMF all were part of HITLER's NEW WORLD ORDER for post WWII German dominance of the world? Funny, the Germans may have lost WWII, but the NAZI's won.
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I don't feel that seeing the USD die, only to be replaced by a new FIAT under control of the US-MIL(NSA/CIA), as a good thing, think what you might of the FED, but it was a CIVILIAN FIAT, the SDR will be a MILITARY-FIAT, and I'm sure some 'libertarians' in name only will say this is progress, but only the mother of Hitler could call this baby an advance.
Understand the distinction here, about 'death of the USD', and renaming the USD to SDR.
Under the current system, its a civilian system, under the new system it will be MILITARY, but the backing the current system, and the backing of the new system will both be by force, and both enforced by the same MIL as before, yesterday if you didn't accept USD for your oil you got droned, tomorrow if you don't accept SDR's for your oil, you get the same fucking DRONE, ... and libertarians will call this 'change'?
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Think of it this way, the US-MIL got fucking tired of being the guy's on the line of fire dying, only so the bankers (1913) got rich,
Under the new system the MIL get's to pull FIAT out of its ass, rather than the bankers,
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What does this mean for the little guy? Not much really for the past 40 years the FED/USA has been effectively printing unlimited USD's and under the new system the US-MIL will get all it wants for war & plunder.
For those hoping that these war's would end, ... NOT
For those that think the OIL will run out and stop the fun, NOT the US-MIL reserves of COAL, ATOMIC, Liquid-Petro, go out over 300 years, ... This is army that is not going to die anytime soon.
Will Durant's Lessons of History sheds some light on the subject.
"The concentration of wealth regularly recurs in history.” “In progressive societies the concentration may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty"
Two major scenarios
1.) some kind of HYBRID of MAD-MAX, Book of Eli, and the ROAD
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2.) the most likely is that post HILLARY 2016 the USA goes full fascist, and the reset involves filling the FEMA fusion centers with millions of corpses
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The PTB really does like 'sustainable' and the fat-cats running the world, both generals and IMF super-lords are quite comfy.
#1 would be the outcome of civil war, and #2 will be if thing just hobble along as now, as the general economy falls deeper into malaise the hungry, and poor will LOOT the have's and the have's will lobby the COPS to lock them up, and like now the USA will be the world's largest prison.
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Collapse of the USD is NOT possible, so long as the USA has the entire world in FEAR, and there is NO country on earth that wants to play the USA game, ... because HELL YES the USA is a paper-tiger, and its GOING to FALL, but it may take 500 years to fall.
Just like BTC it will FALL, but it could take years so long as you can't get out, and they keep finding new suckers to add money to the pool.
There is NO alternative to the USD in sight, ... the CNY doesn't want to be reserve, the EURO doesn't want to be reserve, the JPY can't be reserve,
that only leaves the IMF SDR as reserve, but that isn't change, its just the USD with a new name
While i disagree with you about the future of CryptoCurrency. I would not underestimate the force projection capabilities of the greatest war machine in human history. Bar food riots or new tactical developments in the freedom movement. I suspect the USA federal government will maintain in-theater mobility and firepower superiority on any terrain in any region. Any insurrection will be dealt with swiftly.
How can you disagree with yourself as you both are the same poster, satoshi101?
Same poster or not, there seems to be some trollin' goin' on here.
It looks more like misdirection to me!
I agree with much of what Satoshi lays out about safe international backwaters (in the short term) and a coming global currency, but the NSA is just one agency of an external political power. The military is NOT in control behind the curtain.
FFS, they've just been purging generals...which is a political action. And Alexander has been caught on tape asking hidden 'advisors' if he is allowed to answer a fucking question!
If Satoshi has any real intelligence background, he will know the power I'm talking about (unless he was just a lowly grunt).
I am sure other countries will be totally kind to us Americans as we try to move to wherever. Satoshi is a bullshit artist; a megalomaniac. He knows as much as you or I do. He chose Asia as his storm shelter where he can bitch safely from afar. Half of the stuff he says i find interesting, but the other half seems like contrived bullshit he makes up as he goes.
I agree on the half and half assessment (though probably different halves than you're thinking of). He has made some perceptive comments, then wanders off into pure [erroneous] speculation.
Never throw the baby out with the bath water. Take in everything, then think critically.
I can see crappy, turd world, deuce and a half delifloatnuclear weapons being used in twenty years. That would really mess a nice, Bluetoothed, joysticked, equal opportunity, gender neutral mech brigade up.
Norks will do anything for cash. 140 million once russians have already crash dived below 100 mill and approaching population implosion crush depth. Ditto China.
Everywhere the state is dying. Some go along, most float, a few look for anything in opposition, which in America is syntheticly crystallized for mass desire consumption. Until the next mass delusion games.
I agree that the SDR is being used as a fallback position in the event it should be required.
The SDR is the manufactured 'solution' to the problem,
What I said, and I said it very clear, that the USD will have a NEW NAME it will be called "SDR", but it will still be the USD, it will be backed by the full power of the US-MIL. It will have drawing rights for the US-GOV just like the current FIAT, and best of all of anybody on the earth refuses to accept it its automatic annihilation for that country, cuz USA/RUSSIA/CHINA will stand behind it,
But given that SDR, will come from IMF, and given that US-MIL/USA/NSA/CIA created IMF, IHMO SDR will still be USD, just in new clothes,
So yes the FED will go away, and the NSA/CIA(IMF) will be pullling SDR fiat out of their ASS, ... HOPE&CHANGE,
Lastly, the IMF boys also bring you BTC, so they have many options, ... all coming at once, and all being hailed 'solutions' to those that say 'abolish the FED'.
The USD will go away, and be replaced, but the new FIAT will just be USD's in DRAG ( HILLARY/YELLEN ).
Are you TOTALLY DERANGED?
But but SDR's will be different. They'll New And Improved!
Yes,
Folks need to deal with reality, the PTB would prefer not to have change, but should the USD fail, the SDR is ready and willing to FLY.
CHINA/RUSSIA have already stated they would prefer SDR, and why not, as under SDR rules all treaty nations get to PULL THEIR OWN SDR's out of their ASS, so its fun for all players, ...
Of course have a one world ponzi cash isn't going to last long either, will not in astronomical time, but in human time, ...
Energy is there for another 500 years, like it or not,
Most likely what will happen is the planet will be so fucking polluted by US-MIL in the next 100 years, that most humans will simply die off.
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This concept of a GUN to your head, or I will DRONE your village, and/or kill your child if you don't give your GRAIN in exchange for my FIAT, this is working well and will continue to work until ENERGY is KAPOOT.
Certainly 500 years, they'll finally be able to make energy from water, ... that problem will certainly have been solved by then (FUSION).
I'm certain there will be patches of beauty always in the world, but CITY's will all be hell on earth.
NO fucking doubt that US-MIL rules on top of the IMF/CIA/NSA SDR scam, all have their ELYSIUM ready to live in, for now sure underground, but eventually when the control the worlds wealth, they can BUY HAWAII, or new-zealand, ...
sheep will like their new pasture...
but, but the grass was suposed to be greener.
Well aren't you just a rainbow in the morning?
Some think that has already happened under the current regime.
Branch Davidian corpses @WACO and Randy Weavers wife, and 1,000's of others murdered by CLUB-USA-COP-MIL post 1970's would like to think the US government went FULL RETARD NAZI a long time ago.
Please define 'collapse', please elucidate 'collapse', I need to see a vision of your collapse?
Are you talking 1933 america? or 1865 civil war, or are you just talking about same-same as today?
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For years post 1970's I waited for the USD to 'collapse', I have quit waiting, I now understand the FULL MILITARY power of the US GOV will never allow the world to trade their OIL in anything but the USD, or the new IMF-SDR,...
The US-GOV will never allow their millions of PAID MERCENARY KILLERS to go unpaid, cops, judges, mil, federal or state.
The black-market will always trade cocaine or heroin, or human-blood in USD, otherwise the US-MIL will coup that country, the world will always sell children as sex-slaves in USD because this is how USA hegemony was designed.
There is no hope, other than living in a remote 'galts gulch' of your choice and enjoying life.
When world oil production begins its inevitable fall, which will happen in the next year or so, the US MIC is going to have a horrible time maintaining their rule over the world. The rest of the world wants gold for their oil now, not dollars, and the US has neither the gold or oil to support such a beast.
Yet we do have enough land and resources, and infrastructure, to maintain a decent standard of living. People will not be able to watch TV for 8 hours and instead will have to spend their time cooking and farming. Being will not be using air conditioning and heat as much, but, humans are hardy, and although many will die, I don't think it will be more than 1/10 of the population.
Thoughtful comments...but much, much more rosy than how I imagine things. Like Washington said, government is like fire and is a fearsome thing when out of control, as is ours.
Study the US-MIL strategic energy report, they got their energy needs, mapped out the next 300 years, and I might add for those that don't know the US-MIL is the biggest consumer of ENERGY on the planet.
The USA hegemony will continue until the MAJORITY no longer get free shit, and it appears that the FSA is getting stronger rather than weaker, once the US-MIL gets the IMF/SDR going then the entire world will be in the FSA or they will starve, this paradigm is endless.
that map includes take-overs that can't happen because the other people also have nuclear weapons & weaponized diseases.
The CIA released reports during Clinton's presidency stating world oil production would peak between 2015 - 2018. When told of this report Clinton said, "Nobody ever told me about it." He was such a dunce.
You need to look at world oil production levels and analyze Nation-States individually. The KSA is producing at their peak, as is Russia and the US. And if any one of those production levels fall, there goes the world peak.
When world oil production begins its inevitable fall, which will happen in the next year or so,
that's one hell of an assumption, unfortunately impossible to prove, as the data is most likely so far corrupted from both sides to justify the position they want to convince everyone to believe.
The rest of the world wants gold for their oil now, not dollars,
hence, kicking the can upstairs to SDRs a/k/a "paper gold". of course, the normal person will never be able to get their hands on any of it, as it will most likely be reserved for central banks only. everyone else will have to deal with the little "satoshis" on their smartphones. and if they don't got smartphones or choose not to use them, well then, no soup for you, kid.
i'd say for your 2nd paragraph to be valid under such scenario, people better get growing, and train their bodies on how to be nourished by something other than what the ALPHAbets consider "staple crops" + cut down their energy usage/increase efficiency by about 60-70%.
anything i say would be be redundant to your comment. spot on as usual.
only comment related is, How close to your goal are you? (semi-self reliant).
semi as in survival will be close nit comunities of shared skills...
bold prediction: somewhere around 7.5-8billion human units, the shitshow starts to sputter big time.
just not enough to go to where human units are located...
not even close, but getting there.
absolutely agree that "semi" is a necessary ingredient.
still wonder whether those communities can exist beyond physical boundaries,..
(at least in the context of sharing useful practical information & knowledge)
We will only know the "peak" by looking back, that is true. But one reason the Illuminatti is brain washing the shit out of the public is to make sure they don't figure out they won't be driving in circles for the rest of their lives.
collapse=closing ATM s or nuclear war .
Remember Soul Glow if you're one step ahead, people consider you a genius. If your two steps ahead, people consider you a fucking lunatic.
"...Rogers will be long dead." You assume he will soon die. And you assume Zero Hedgers and their kindered spirits will do nothing. You are full of shit.